Matador Resources Company $MTDR Shares Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC boosted its stake in Matador Resources Company (NYSE:MTDR) by 264.8% in the third quarter, Holdings Channel.com reports. The fund owned 111,727 shares of the energy company’s stock after buying an additional 81,102 shares during the quarter. Aquatic Capital Management LLC’s holdings in Matador Resources were worth $5,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MTDR. MAI Capital Management lifted its holdings in shares of Matador Resources by 13.9% in the 2nd quarter. MAI Capital Management now owns 1,726 shares of the energy company’s stock valued at $82,000 after purchasing an additional 210 shares during the last quarter. Beacon Pointe Advisors LLC boosted its holdings in shares of Matador Resources by 4.3% in the second quarter. Beacon Pointe Advisors LLC now owns 5,281 shares of the energy company’s stock valued at $252,000 after acquiring an additional 216 shares during the period. ProShare Advisors LLC grew its position in shares of Matador Resources by 4.5% during the second quarter. ProShare Advisors LLC now owns 5,163 shares of the energy company’s stock worth $246,000 after acquiring an additional 220 shares during the last quarter. Fiduciary Trust Co grew its position in shares of Matador Resources by 2.2% during the third quarter. Fiduciary Trust Co now owns 11,821 shares of the energy company’s stock worth $531,000 after acquiring an additional 253 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its holdings in shares of Matador Resources by 5.4% in the 3rd quarter. Sivia Capital Partners LLC now owns 5,625 shares of the energy company’s stock valued at $253,000 after acquiring an additional 290 shares during the period. Institutional investors and hedge funds own 91.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on MTDR shares. UBS Group upped their price target on shares of Matador Resources from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Wells Fargo & Company raised their price objective on shares of Matador Resources from $47.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Monday. Citigroup lifted their price objective on shares of Matador Resources from $53.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. TD Cowen raised shares of Matador Resources to a “strong-buy” rating in a report on Monday, February 9th. Finally, Royal Bank Of Canada decreased their target price on shares of Matador Resources from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Matador Resources currently has an average rating of “Moderate Buy” and a consensus price target of $59.92.

Matador Resources Stock Performance

NYSE:MTDR opened at $56.36 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.79 and a quick ratio of 0.75. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 9.24 and a beta of 1.07. The firm’s fifty day moving average price is $47.84 and its 200 day moving average price is $45.02. Matador Resources Company has a 1-year low of $35.19 and a 1-year high of $58.32.

Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Tuesday, February 24th. The energy company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.16. Matador Resources had a net margin of 20.54% and a return on equity of 12.36%. The company had revenue of $847.99 million during the quarter, compared to the consensus estimate of $811.13 million. During the same quarter in the prior year, the firm earned $1.83 EPS. Matador Resources’s quarterly revenue was down 15.7% on a year-over-year basis. On average, sell-side analysts expect that Matador Resources Company will post 8.53 EPS for the current year.

Matador Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Friday, February 27th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, February 27th. Matador Resources’s dividend payout ratio is currently 24.59%.

About Matador Resources

Matador Resources Company is an independent energy firm primarily engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. The company focuses on upstream operations, utilizing horizontal drilling and hydraulic fracturing techniques to unlock hydrocarbons from key reservoirs. Its asset base includes both operated and non‐operated positions, with a particular emphasis on the Permian Basin, one of the most prolific oil-producing regions in North America.

Matador’s core operations are concentrated in the Delaware Basin segment of the Permian Basin, where it holds substantial acreage in both Reeves and Culberson counties in West Texas and Eddy and Lea counties in New Mexico.